Convert MD to XBRL

Understanding MD and XBRL file formats

MD files, or Markdown files, are plain text files that use simple syntax to format text. They are widely used for creating formatted documents, especially in web development and documentation, due to their simplicity and readability.

XBRL (eXtensible Business Reporting Language) is a standard for exchanging business information. It is used for the electronic communication of financial data and is designed to improve the way financial data is shared and analyzed.

Why convert MD to XBRL?

Converting MD to XBRL can be necessary when you need to transform documentation or reports written in Markdown into a format suitable for financial reporting and analysis. This conversion allows businesses to integrate narrative content with financial data, enhancing the clarity and utility of reports.

Best software for MD to XBRL conversion

Currently, there is no direct tool that converts MD files to XBRL due to the fundamental differences in their purposes and structures. However, you can use a two-step process involving intermediate formats and tools:

• Pandoc: Use Pandoc to convert MD to an intermediate format like HTML or XML. Command: pandoc input.md -o output.html
• Altova MapForce: Use this tool to map the intermediate format to XBRL. You can import the HTML/XML file and map it to the XBRL schema.

To perform the conversion in Altova MapForce, follow these steps:

1. Open File → New and select the intermediate format file.
2. Use the mapping tool to align the data fields with the XBRL schema.
3. Export the mapped data to XBRL using File → Export → XBRL.